Paragraph 1

in paragraph (3) insert in the appropriate places–

• ““approved additional voluntary contributions provider” means The Equitable Life Assurance Society or The Standard Life Assurance Company;” and

• ““insurance company” means–

  1. (a)

     a person who has permission under Part 4 of the Financial Services and Markets Act 2000^f1 to effect or carry out contracts of long-term insurance, or

  2. (b)

     an EEA firm, as defined in paragraph 5 of Schedule 3 to that Act, which falls within sub-paragraph (d) of that paragraph and has permission under paragraph 15 of that Schedule to effect or carry out contracts of long term insurance as a result of satisfying the establishment conditions, as defined in paragraph 13 of that Schedule;”

omit the definition of “the Society”; and

after paragraph (3) insert–

“(4)

The definition of “insurance company” in paragraph (3) must be read with–

(a)

section 22 (the classes of activity and categories of investment) of the Financial Services and Markets Act 2000,

(b)

any relevant order under that section, and

(c)

Schedule 2 to that Act.”.